Hey y'all. Hope someone could possibly shed some light on some things.
When retiring I was asked if I wanted to opt into the Survival Benefit Plan (SBP) or not. At the time, I figured $15 a month couldn't hurt and it sounded like a good idea.
However, since I no longer receive Army Retired pay, but receive VA compensation instead, how is the SBP still benefiting me?
According to https://www.dfas.mil/retiredmilitary/provide/sbp/change.html I am "free to cancel or terminate your SBP election beginning in the 25th month through the 36th month - or the third year - of your retirement."
With that in mind, am I basically throwing $15 to DFAS every month for no reason?
Thanks in advance.
V/R
Bryston Schafer
When retiring I was asked if I wanted to opt into the Survival Benefit Plan (SBP) or not. At the time, I figured $15 a month couldn't hurt and it sounded like a good idea.
However, since I no longer receive Army Retired pay, but receive VA compensation instead, how is the SBP still benefiting me?
According to https://www.dfas.mil/retiredmilitary/provide/sbp/change.html I am "free to cancel or terminate your SBP election beginning in the 25th month through the 36th month - or the third year - of your retirement."
With that in mind, am I basically throwing $15 to DFAS every month for no reason?
Thanks in advance.
V/R
Bryston Schafer